Bank of Internet USA (“Bank of Internet”), the nationwide brand of BofI Federal Bank, a subsidiary of BofI Holding, Inc. (NASDAQ: BOFI), was named MONEY’s Best Online Bank for 2016-2017. Additionally, MONEY awarded Best Checking Account to Bank of Internet’s Rewards Checking.
MONEY analyzed the 75 largest brick-and-mortar banks and online banks by consumer deposits – based on data from consulting firm Novantas – as well as the 50 biggest credit unions. From almost 800 accounts, MONEY gathered 27,000-plus data points, including account terms, ATM networks, branch hours, mobile-app features, preferential loan rates, and other benefits. For more information regarding the MONEY 2016-2017 Best Banks, visit http://time.com/money/collection/best-banks-2016/best-overall-banks/.
About BofI Holding, Inc.
BofI Holding, Inc. (“BOFI”) is the holding company for BofI Federal Bank, a nationwide bank that provides financing for single and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables. With approximately $7.9 billion in assets, BofI Federal Bank provides consumer and business banking products through its low-cost distribution channels and affinity partners. BofI Holding, Inc.’s common stock is listed on the NASDAQ Global Select Market under the symbol “BOFI” and is a component of the Russell 2000® Index, the S&P SmallCap 600® Index, and the KBW Nasdaq Financial Technology Index. For more information on BofI Federal Bank, please visit bofifederalbank.com.